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Russian foreign trade
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Russian trade with Iceland in 2019

by Russian Foreign Trade
based on data from the Federal Customs Service of Russia
The Report on Russia’s foreign trade in goods with Iceland in 2019: exports, imports, products, dynamics.

Russia’s Trade with Iceland

In 2019, Russia’s trade with Iceland totaled $95,246,461, up 110.13% ($49,918,462) from 2018.

Russia’s exports to Iceland in 2019 totaled $40,532,323, up 154.71% ($24,619,118) from 2018.

Russia’s imports from Iceland in 2019 totaled $54,714,138, up 86.01% ($25,299,344) from 2018.

Russia’s trade deficit with Iceland in 2019 was $14,181,815, a 5.04% increase ($680,226) over 2018.

Iceland was Russia’s 117th largest trading partner in 2019 (up from 136th in 2018), accounting for 0.0143% of Russia’s total trade (up from 0.0066% in 2018).

Iceland was Russia’s 124th largest export market in 2019 (up from 143rd in 2018), accounting for 0.0096% of Russia’s total exports (up from 0.0035% in 2018).

Iceland was Russia’s 94th largest supplier in 2019 (up from 102nd in 2018), accounting for 0.0224% of Russia’s total imports (up from 0.0124% in 2018).

Russia’s Exports to Iceland

The major share of Russian exports to Iceland in 2019 (and in 2018) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 27.94% of Russia’s total exports to Iceland (23.11% in 2018);
  • Mineral products (HS codes 25-27) - 13.96% of Russia’s total exports to Iceland (34.08% in 2018);
  • Wood and wood products (HS codes 44-49) - 3.98% of Russia’s total exports to Iceland (17.79% in 2018);
  • Chemical products (HS codes 28-40) - 2.24% of Russia’s total exports to Iceland (4.55% in 2018);
  • Textiles, textile products and footwear (HS codes 50-67) - 0.84% of Russia’s total exports to Iceland (2.91% in 2018);
  • Metals and products from them (HS codes 72-83) - 0.57% of Russia’s total exports to Iceland (8.27% in 2018);
  • Food products and agricultural raw materials (HS codes 01-24) - 0.52% of Russia’s total exports to Iceland (7.05% in 2018).

The largest gains in Russia’s exports to Iceland in 2019 over 2018 were recorded for the following product groups:

  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $7,612,344;
  • Fertilizers (HS code 31) - an increase of $340,113;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $228,121.

The largest declines in Russia’s exports to Iceland in 2019 over 2018 were recorded for the following product groups:

  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $1,214,720;
  • Iron and steel (HS code 72) - a decrease of $962,528;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $927,783.
Russia’s exports to Iceland in 2019 by product groups
HS
code
Name of product group Value of exports
in 2019,
US dollars ($)
Percent share in total export Value of exports
in 2018,
US dollars ($)
Percent change
in 2019
over 2018
03 Fish and crustaceans, molluscs and other aquatic invertebrates 87,506 0.22 1,015,289-91.38
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 0 0.00 134-100.00
19 Preparations of cereals, flour, starch or milk; bakers’ wares 0 0.00 5,897-100.00
22 Beverages, spirits and vinegar 11,047 0.03 15,294-27.77
24 Tobacco and manufactured tobacco substitutes 112,200 0.28 85,80030.77
26 Ores, slag and ash 860,359 2.12 854,8460.64
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 4,796,957 11.83 4,568,8364.99
31 Fertilizers 340,113 0.84 0
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 2,731 0.01 2,928-6.73
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 1,119 0.00 9,851-88.64
38 Miscellaneous chemical products 1,289 0.00 1,13613.47
39 Plastics and articles thereof 102,178 0.25 182,374-43.97
40 Rubber and articles thereof 462,119 1.14 527,601-12.41
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 261 0.00 120117.50
44 Wood and articles of wood; wood charcoal 1,613,339 3.98 2,828,059-42.95
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 0 0.00 5-100.00
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 0 0.00 3,180-100.00
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 155,836 0.38 180,348-13.59
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 2,268 0.01 6,021-62.33
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 494 0.00 0
61 Articles of apparel and clothing accessories, knitted or crocheted 0 0.00 48-100.00
62 Articles of apparel and clothing accessories, not knitted or crocheted 179,503 0.44 276,816-35.15
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 189 0.00 101,790.00
64 Footwear, gaiters and the like; parts of such articles 0 0.00 256-100.00
65 Headgear and parts thereof 3,303 0.01 2612,603.85
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 243,552 0.60 252,595-3.58
72 Iron and steel 15,162 0.04 977,690-98.45
73 Articles of iron or steel 206,374 0.51 315,149-34.52
76 Aluminum and articles thereof 1,341 0.00 1151,066.09
83 Miscellaneous articles of base metal 9,244 0.02 22,893-59.62
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 28,339 0.07 6764,092.16
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 11,283,910 27.84 3,671,566207.33
86 Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds 6,852 0.02 0
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 4,738 0.01 1,820160.33
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 0 0.00 3,467-100.00
92 Musical instruments; parts and accessories of such articles 0 0.00 1,640-100.00
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 0 0.00 82,820-100.00
95 Toys, games and sports requisites; parts and accessories thereof 0 0.00 17,699-100.00
SS Classified 20,000,000 49.34 2009,999,900.00

Russia’s Imports from Iceland

The major share of Russian imports from Iceland in 2019 (and in 2018) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 66.23% of Russia’s total imports from Iceland (27.14% in 2018);
  • Food products and agricultural raw materials (HS codes 01-24) - 21.18% of Russia’s total imports from Iceland (51.14% in 2018);
  • Metals and products from them (HS codes 72-83) - 8.57% of Russia’s total imports from Iceland (16.38% in 2018);
  • Chemical products (HS codes 28-40) - 2.82% of Russia’s total imports from Iceland (4.44% in 2018).

The largest gains in Russia’s imports from Iceland in 2019 over 2018 were recorded for the following product groups:

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $28,406,739;
  • Plastics and articles thereof (HS code 39) - an increase of $836,575;
  • Articles of iron or steel (HS code 73) - an increase of $620,645;
  • Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - an increase of $338,865;
  • Aluminum and articles thereof (HS code 76) - an increase of $263,406;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $179,938.

The largest declines in Russia’s imports from Iceland in 2019 over 2018 were recorded for the following product groups:

  • Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - a decrease of $2,948,824;
  • Iron and steel (HS code 72) - a decrease of $1,036,404;
  • Pharmaceutical products (HS code 30) - a decrease of $585,654;
  • Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - a decrease of $527,869;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $336,773;
  • Meat and edible meat offal (HS code 02) - a decrease of $213,463.
Russia’s imports from Iceland in 2019 by product groups
HS
code
Name of product group Value of imports in 2019,
US dollars ($)
Percent share in total import Value of imports in 2018,
US dollars ($)
Percent change
in 2019
over 2018
02 Meat and edible meat offal 660,649 1.21 874,112-24.42
05 Products of animal origin, not elsewhere specified or included 4,763 0.01 0
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 1,635,428 2.99 2,163,297-24.40
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 8,494,228 15.52 11,443,052-25.77
17 Sugars and sugar confectionery 122,119 0.22 133,893-8.79
21 Miscellaneous edible preparations 62,111 0.11 0
22 Beverages, spirits and vinegar 609,534 1.11 429,59641.89
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 821 0.00 0
29 Organic chemicals 355 0.00 31612.34
30 Pharmaceutical products 0 0.00 585,654-100.00
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 29,838 0.05 1,9351,442.02
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 8,224 0.02 31,515-73.90
38 Miscellaneous chemical products 0 0.00 52,728-100.00
39 Plastics and articles thereof 1,469,355 2.69 632,780132.21
40 Rubber and articles thereof 31,676 0.06 7414,174.76
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 6,484 0.01 0
44 Wood and articles of wood; wood charcoal 6,162 0.01 0
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 214 0.00 0
51 Wool, fine or coarse animal hair; horsehair yarn and woven fabric 8,882 0.02 19,153-53.63
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 461,622 0.84 122,757276.05
60 Knitted or crocheted fabrics 57,492 0.11 17,275232.80
61 Articles of apparel and clothing accessories, knitted or crocheted 15,541 0.03 23,114-32.76
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 106 0.00 203-47.78
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 511 0.00 41024.63
70 Glass and glassware 370 0.00 0
72 Iron and steel 709,663 1.30 1,746,067-59.36
73 Articles of iron or steel 3,632,108 6.64 3,011,46320.61
74 Copper and articles thereof 288 0.00 2,959-90.27
76 Aluminum and articles thereof 314,650 0.58 51,244514.02
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 31,291 0.06 3,907700.90
83 Miscellaneous articles of base metal 2,679 0.00 2,874-6.78
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 32,017,928 58.52 3,611,189786.63
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 1,058,924 1.94 906,95916.76
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 33,270 0.06 0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 3,128,173 5.72 3,464,946-9.72
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 98,389 0.18 80,41922.35
96 Miscellaneous manufactured articles 290 0.00 23622.88
Russian foreign trade statistics
Source: Federal Customs Service of Russia